More and more these days, it’s clear that it’s not enough to simply worry about the actions, ethics, and branding of your own company. Ever increasing legislation and regulation, a truly global economy, and the continual explosion and reach of social media can all have a major impact on businesses of all sizes.
If you want to avoid fines and scrutiny—and let’s be real, what business doesn’t—then an effective compliance management system is a must. So what’s the secret to a compliance management system (CMS) that works? Read on to find out the 4 key components the CFPB says every CMS needs.
In 1985, aluminum manufacturing company Alcoa was relatively unremarkable. Yet, between 1986 and 2000, its market value increased from $3 billion to $27.5 billion. [Note – this post is an oldie but goodie – it’s a great case study that still rings true today. Enjoy!]
How can compliance professionals effectively mitigate risks, while keeping compliance activities from being a total downer for the organization?
In a recent poll conducted by the Open Compliance and Ethics Group (OCEG) and Complí, 70% of respondents said they are still using manual methods for policy and compliance management, such as paper-based binders, assorted spreadsheets and shared drives. While 54% in that same poll stated that automating workforce compliance management is a high priority […]
It’s complicated. The phrase applies to life, relationships and your workforce. Employees, contractors and third party partners active across your operations weave an intricate web of risk exposure that requires constant attention. Even single-site companies face the challenges of complexity when it comes to managing the compliance of their workforce.
With today’s diverse workforce, employers tend to over train the workforce on everything to cover their bases rather than pick the pieces each individual needs for their job. If employees fail to see how your training or education programs apply to them, their focus may shift elsewhere.
I spent a few days at the Utilities & Energy Compliance & Ethics Conference in Houston, TX, last week- a terrific SCCE event. I was struck by the struggle that many compliance professionals face in ensuring risks are effectively mitigated, while not making the necessary activities of compliance a total downer for the organization. It […]
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